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“Currently, we have a project team that is looking at how to tax the digital economy. The project team is working on developing modalities. We hope that they will come out with their draft for us to share with stakeholders,” Mr. Gyamerah stated.

Millions of commercial transactions take place on the internet every day. Hundreds of businesses operating on the internet have virtually no boundary or monitored to ascertain the volume or value of those transactions.

With the growth of the Cyberspace, a lot of businesses operating in Ghana, are veering away from the conventional way of selling in shops to posting their products and services on the internet; a move that makes it difficult for the GRA in its quest to widen the tax net.

“It’s not peculiar to Ghana. It’s a challenge across the world. And so what they will need is more support in terms of recruiting IT experts who can assist them in tracking and tracing some of the operators on the digital platforms,” he told Citi Business News at the sidelines of a public lecture organized by the Institute of Chartered Accountant Ghana (ICAG).